The properties, which have a rateable value of more than $1 million, are part of a package of land that includes the stadium and a car park next door that was bought by the council for $7 million from the Otago Rugby Football Union in a controversial deal last year.
The properties - seven houses and a shed on land zoned residential - are being sold individually by public tender, after a decision during a non-public section of a finance and strategy meeting in September.
The stadium and car park on the other side of Burns St are on land zoned industrial.
Council property manager Robert Clark said he did not expect the uncertainty about the stadium site to affect the price.
"I don't think so," he said yesterday. "What's going to happen? It's zoned industrial, so that's the most likely use."
Public consultation on the future of Carisbrook began this year, with public meetings resulting in a report to the finance and strategy committee in September that recommended three options be examined in more detail.
These were to sell the land for industrial development or for a retirement village, or develop it as an industrial park, possibly as part of a public-private partnership.
Councillors voted to accept this short list of possible uses, which would be considered by the incoming council during the 2011-12 annual plan process, with further public consultation to follow.
A report on the future recreational and sporting needs of the city was also ordered.
Council policy team manager Nicola Johnston said yesterday a report on sites A and B - the stadium and the next-door car park - would be prepared for a finance, strategy and development committee meeting on February 7.
Both Mr Clark and finance, strategy and development committee chairman Syd Brown said yesterday site C - the Burns St properties - was never part of the public consultation.
Because of their position, they were not intended to be part of the development of the Carisbrook site.
Mr Clark said any development on the stadium site might improve the outlook from the homes, particularly if it resulted in a building lower than the stadium that would allow more light.
There had already been interest from several developers, and one possibility was the development of residential units on the sites.
The properties would be sold separately or together, depending on the tenders.
Tenants were still living in some of the houses, but all had been given notice.
Mr Clark said the properties were not a big earner for the council, and the money made from them would be better put to retiring council debt.
